To Sony credit at least the game is coming to PC seem like this game is open to go on other console. Shenmue III while being a fan favorite isn't guarantee commercial success and risky.
If you look at the current kick starter for Shenmue $3,200,000 supported by 40.753 backers. That's almost $78/backer for unknown products that won't release for at least 2-3 years.
I can't really blame Sony if people are blindly throwing their money in this project but I don't think Sony should be praised for this move.